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Adding 30 days to free up $2 billion.
April 18, 2013
By: TOM BRANNA
Editor
Waiting to get paid for your surfactant or dispenser from Procter & Gamble? You’ll have to wait a little longer. P&G is increasing the time it takes to pay for supplies and offering financing to help mitigate the impact a longer payment cycle could have on small and midsize businesses, the household products maker told suppliers earlier this month. P&G plans to increase the time it takes to pay suppliers by as much as 30 days, which could free up to $2 billion in cash, the ...
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